A withdrawal before age 59 1/2 from a qualified retirement plan, usually accompanied by a penalty.
Related information about premature distribution:
- Premature Distribution Definition | Investopedia
Any distribution taken from an IRA, qualified plan or tax-deferred annuity that is paid to a beneficiary that is under age 59.5. Premature distributions are subject to ...
- Avoiding Premature Distribution Penalties
Nov 1, 2012 ... Avoiding Premature Distribution Penalties. A 10% premature distribution penalty normally applies to distributions taken before age 59½ from an ...
- Early Distribution of IRA, 401K & Other Retirement Accounts ...
Nov 4, 2008 ... If you withdraw money from a traditional individual retirement account (IRA), 401( k), 403(b), or other qualified retirement plan before you turn ...
- How to Take a Premature Distribution From an IRA | eHow.com
How to Take a Premature Distribution From an IRA. Like most Americans under the age of 50, you're likely putting money away into a tax-deferred individual ...
- Premature Distribution - Financial Dictionary - The Free Dictionary
A distribution from an IRA before the owner reaches age 59-1/2. Generally, a 10 % penalty tax is owed on such a distribution. Also known as an early distribution ...
- What is premature distribution? definition and meaning
Definition of premature distribution: A withdrawal before age 59 1/2 from a qualified retirement plan, usually accompanied by a penalty.
- Ten Percent Penalty
If you receive a lump-sum pension distribution under conditions that the IRS considers "premature," you may be subject to a 10 percent excise tax penalty, ...
- Premature Distribution Law & Legal Definition
Individual Retirement Arrangement (IRA) is a healthy retirement plan account that enables to provide various tax advantages for retirement savings in the United ...